(“PLife REIT”)

FULL YEAR 2014 RESULTS PRESENTATION

27 January 2015

DisclaimerDisclaimer

� This Presentation is focused on comparing actual results for the period from 1October 2014 to 31 December 2014 (“4Q 2014”) versus the period from 1 October2013 to 31 December 2013 (“4Q 2013”) This shall be read in conjunction with PLife2013 to 31 December 2013 ( 4Q 2013 ). This shall be read in conjunction with PLifeREIT 2014 Full Year Unaudited Financial Statement and Distribution Announcementin SGXNet.

� Thi P t ti t i f d l ki t t t th t i l ti� This Presentation may contain forward-looking statements that involve assumptions,risks and uncertainties. Actual future performance, outcomes and results may differmaterially from those expressed in forward-looking statements as a result of anumber of risks, uncertainties and assumptions. Representative examples of thesef t i l d ( ith t li it ti ) l i d t d i diti i t tfactors include (without limitation) general industry and economic conditions, interestrate trends, cost of capital and capital availability, shifts in expected levels of propertyrental income, changes in operating expenses, property expenses and governmentaland public policy changes and the continued availability of financing in the amounts

d th t t t f t b i I t ti d t tand the terms necessary to support future business. Investors are cautioned not toplace undue reliance on these forward-looking statements, which are based on theManager’s current view of future events.

2

AgendaAgenda

4Q and Full Year 2014 Key Highlights11

Financial Review22

Capital and Financial Management33

A di44

Our Growth StrategyII

Appendix44

Portfolio HighlightsIIII

3

(“PLife REIT”)

1. 4Q and Full Year 2014 Highlights4

4Q and Full Year 2014 Key Highlights St d DPU G th Si IPO� Steady DPU Growth Since IPO� DPU for 4Q 2014 up 2.9% (4Q Y-O-Y) to 2.90 cents;

� Full year DPU growth of 7.1% y-o-y to 11.52 cents

�

� Strong growth of 82.3% since IPO

��Strengthening of Our Age Care Portfolio in Japan � Acquisition of 2 Japan nursing home properties1 of S$58 2 million at approximatelyAcquisition of 2 Japan nursing home properties of S$58.2 million at approximately

2.1% discount to valuation

� Maiden divestment of 7 Japan nursing homes to unlock value from properties which

are of less strategic value to PLife REITare of less strategic value to PLife REIT

� Sale price of S$88.3 million is about 28.1% higher than the original purchase price and

8.3% above the latest valuation

� Upon the repatriation of the divestment proceeds from Japan, the divestment gains will

be distributed over FY2015

� Recycling strategy to rebalance and strengthen the overall quality and growth potential

5

Note:1. Acquisition of 2nd property – Ocean View Shonan Arasaki was completed on

6 January 2015

of Japan Portfolio

4Q and Full Year 2014 Key Highlights [cont’d]

Valuation Gain In Properties� Valuation gain of S$45 million (3.1%) of the total portfolio as at 31 December 2014

�

��Healthy Balance Sheet� Healthy gearing of 35.2% as at 31 December 2014

Th ll i t f d bt i 1 4% t 31 D b 2014� The all-in cost of debt is 1.4% as at 31 December 2014

� No long-term debt refinancing needs till FY2016

���C ti d P d t Ri k M t��Continued Prudent Risk Management� Natural hedge strategy to match JPY assets with JPY liabilities

� Locked in JPY net income hedge for the next few years to mitigate any volatility in JPY

� Enhances the stability of distribution to Unitholders and stable NAV

6

(“PLife REIT”)

2. Financial Review7

Performance at a GlancePerformance at a Glance� 4Q 2014 DPU b 2 9% t 2 90 t� 4Q 2014 DPU grew by 2.9% to 2.90 cents� FY 2014 DPU grew by 7.1% to 11.52 cents

Consolidated Income Year-on-Year Variance Year-on-Year VarianceStatement (Actual) Variance (Actual) Variance

(S$’000) 4Q 2014 4Q 2013 % FY 2014 FY 2013 %

Gross Revenue 25,107 24,736 1.5 100,382 93,693 7.1

Net Property Income 23,465 23,165 1.3 93,775 87,599 7.1

Distributable Income to Unitholders 17,530 17,044 2.9 69,698 65,054 7.1

Distribution Per Unit (Cents)1

N t

( )- For the period

- Annualised2.90

11.602.82

11.282.92.9

11.5211.52

10.7510.75

7.17.1

Note:1. In computing Distribution per Unit (“DPU”) , the number of units in issue as at the end of each period is used

88

Revenue GrowthRevenue Growth� 4Q 2014 b 1 5% t S$25 1 illi� 4Q 2014 revenue grew by 1.5% to S$25.1 million� FY 2014 revenue grew by 7.1% to S$100.4 million

4Q Revenue (S$’000)

+1 5%+1 5%Full Year Revenue (S$’000)

26,000�24,736 25,107

105,000100,382

+1.5%+1.5%+7.1%+7.1%

20 000

22,000�

24,000�

90 000

95,000

100,000 93,693

20,000�4Q�2013 4Q�2014

90,0002013 2014

9

Note:1. The Group has locked in the Japan net income hedge for the next 4 to 6 years. As such,

the impact of the depreciating Japanese Yen is offsetted by the foreign exchange gain from the net income hedge at the distributable income level

9

Net Property Income GrowthNet Property Income Growth� 4Q 2014 NPI increased by 1.3% to S$23.5 million, contributed by:

� Rent contributions from properties acquired in 2H 2013 and 1Q 2014; and

� Upward minimum guarantee rent revision of Spore hospitals by 2.81%1

� FY 2014 NPI increased by 7.1% to S$93.8 million

4Q NPI Full Year NPI

72.0

84.0

96.0 87.693.8

24.023.2 23.5+1.3%+1.3% +7.1%+7.1%

12 0

24.0

36.0

48.0

60.0

35.7

19.2

29.3

37.2

19.9

33.2

0 0

8.0

16.09.2

4.9

0.8 0.1

8.29.4

5.1

0.8 0.1

8.1

0.0

12.0

Mount�Elizabeth

Gleneagles Parkway�East

Malaysia�portfolio

Japan�portfolio

Total�PLife�portfolio

3.0 0.43.1 0.4

2013 2014

0.0Mount�Elizabeth

Gleneagles Parkway�East Malaysia�portfolio

Japan�portfolio

Total�PLife�portfolio

4Q�2013 4Q�2014

1010

Note:1. In 8th year of lease commencing 23 August 2014 to 22 August 2015

Steady Distributable Income GrowthSteady Distributable Income Growth� 4Q 2014 DI grew by 2.9% to S$17.5 million� FY 2014 DI grew by 7.1% to S$69.7 million

4Q DI (S$’000) Full Year DI (S$’000)

18,000� 17,04417,530

70,000 65,05469,698

( )

+2.9%+2.9% +7.1%+7.1%( )

16,000�

17,000�

,

55 000

60,000

65,000

,

15,000�4Q�2013 4Q�2014

55,0002013 2014

1111

Strong DPU Growth Since IPODPU h dil f 82 3% i IPO1

11 52

DPU(cents)

� DPU has grown steadily at a rate of 82.3% since IPO1

10 0

12.0

9.60

10.3110.75

11.52

+82.3%+82.3%2

8 0

10.0

7.74

8.79

6.0

8.0

6.326.83

FY 2007(annualised)

FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Note:1. YTD 4Q 2014 accumulated DPU payout since IPO is 67.81 cents (inclusive of 3Q 2007 pro-rated payout) 2. Since FY 2012, S$3.0 million per annum of amount available for distribution has been retained for capital

expenditure

12

expenditure

Attractive Spread Above 10-yr SGS Yield

� 256 bps higher than 10-yr Singapore Government Securities (“SGS”)� 429 bps higher than fixed deposit rates� Defensive nature of PLife REIT adds to the attractiveness of 4.84%

yield1

Source: Bloomberg

13

Note:1. Distribution yield based on the share price of S$2.38 as at 31 December 2014

13

Unit Price Relative PerformancePLife REIT’s Unit Price’s performance is consistently in line with both the STI and the S-REIT Index

1 FTSE ST: Real Estate Investment Trust Index ; 2 STI Index: Straits Times Index

… providing its mettle during both periods of uncertainty and economic upturn, underpinned by its robust

f d t l d th d i

1. FTSE ST: Real Estate Investment Trust Index ; 2. STI Index: Straits Times Index Source: Bloomberg

14

fundamentals and growth drivers.

Distribution Details

Stock Counter Distribution Period Distribution per unit(cents)

PLife REIT 01 October 2014 to 31 December 2014 2.90

Distribution Timetable

Ex-Date: 2 February 2015(Units will be traded ex-date)

Books Closure Date: 4 February 2015 at 5pm

Distribution Payment Date: 27 February 2015

15

(“PLife REIT”)

3. Capital and Financial Management16

Healthy Balance Sheet� Healthy gearing of 35 2% as at 31 December 2014� Healthy gearing of 35.2% as at 31 December 2014

ConsolidatedBalance Sheet

(in S$’000)

As at 31 Dec 2014

As at31 Dec 2013 Variance Commentary

Total Assets 1,668,951 1,528,155

Increase is mainly due to the acquisition of four Japan nursing homes properties in 2014 and sale proceeds from the divestment of seven Japan nursing homes, and gain on revaluation of the portfolio, offset by the depreciation of Japanese Yen.

Total Debt¹ 586,682 503,678Increase is mainly due to the draw down of loan facilities to finance 2014 acquisitions, offset by the depreciation of Japanese o set by t e dep ec at o o Japa eseYen.

Unitholders’ Funds

1,035,349 985,798 Increase is mainly due to gain on revaluation of the investment properties.

Gearing2 (%) 35.2 33.0 -

17

Note:1. Total Gross Borrowings before transaction costs2. Total Debt Total Assets

Debt Maturity ProfileDebt Maturity Profile11

As at 31 December 2014As at 31 December 2014

1. As at 31 December 2014, there were some outstanding short term loans drawdown of JPY5,585.5 million (S$61.7 million)maturing in March 2015 (”JPY STL Drawdown”), for the purpose of partial funding of new acquisitions in Japan as announcedin December 2014. This JPY STL Drawdown is covered by a 5-year JPY4,500 million Term Loan Facility (“5-year TLF”) thathas been put in place on 12 December 2014, and it will be termed out using this 5-year TLF by 1Q 2015.

The diagram above also depicts the debt maturity profile after JPY STL Drawdown has been termed out in March 2015.

� Weighted average term to maturity is 3.7 years

� Current effective all-in cost of debt of 1.4%

� I t t ti f 10 1 ti� Interest cover ratio of 10.1 times

18

Ample Debt Headroom$ $ $� Debt headroom of S$134.8 million, S$298.8 million and S$1,036.7 million

before reaching 40%, 45% and 60% gearing respectively� PLife REIT has ample funding to support future acquisitions and growth

opportunities

1,500

Additiona

opportunities

AssetAsset(S$’M)(S$’M)AssetAsset(S$’M)(S$’M)

134.8298.8

1,036.7500

1,000

l Debt C

apac

586.7

134.8

586.7 586.7 586.70

city

35%Gearing

40%Gearing

45%Gearing

60%MaximumGearingGearing

19

Debt Balance as at 31 December 2014

4. Appendix4. Appendix

2020

(“PLife REIT”)

Our Growth Strategy21

PLife REIT’s Next Phase of Growth

Consolidateassets in Japan,

generategenerateoperating

synergies and derive further cost savings

Proactive asset management to

improveperformance,

enhancecompetitiveness

Actively seek new opportunities in other regional

k t competitivenessand extract further value from overall

portfolio

markets

22

Our Long Term StrategyThe manager plans to undertake the following strategies…

Acquisition GROWTH Strategy ASSET MANAGEMENTStrategy

Third Party Acquisition

• Focused on acquiring quality assets from 3rd

parties

Sponsor’s Acquisition

• Focused on acquiring assets in the pipeline of Sponsor

• Sustain Revenue

• Grow revenue organically

• Support generation of p p

Supported by

new revenue

Strong and Robust FINANCING Strategy

With the aim to:

Enhance value of properties and maximise risk-adjusted returns;

Deliver regular, stable distributions and achieve long-term growth for our Unitholders

23

(“PLife REIT”)

Portfolio Highlights24

PLife REIT PortfolioLargest listed healthcare REIT in Asian region with an enlarged portfolio of S$1.5 billion1

Core Strengths:� Defensive long term lease structure with downside protection

� Stable income stream supported by regular rental revision

� Diversified portfolio of high quality and yield accretive propertiesp g q y y p p

� Well-positioned in fast growing healthcare sector within the Asia-Pacific region

Weighted Properties Downside P i

41 21Portfolio Size

S$1.5billion1

WeightedAverage Lease

to Expiry (By Gross Revenue)2

9 42

Properties(By Gross Revenue)2

Singapore:

67%

Protection(By Gross Revenue)2

With:

93%Properties Lessees billion1 9.42years

Japan:

32%93%Without:

7%Note:

25

Note:1. Based on latest appraised values 2. Based on Gross Revenue as at 31 December 2014, including Malaysia property at 0.7%

Our Properties - Singapore1

� A portfolio of 3 strategically-located world-class local private hospitals worth S$1.05 billion1

� Master Lease with Parkway Hospitals Singapore Pte. Ltd, a wholly owned subsidiary of Parkway Pantai Limited (“Parkway”), the largest private healthcare operator in Singapore and a key regional healthcare playera key regional healthcare player� Parkway is an established brand name with a network of 16 hospitals across Asia

� Singapore Hospital Properties contribute approximately 67% of total gross revenue2

Mount Elizabeth Hospital

Parkway East Hospital

Note:1.Based on latest appraised values2 Based on Gross Revenue as at 31 December 2014

Gleneagles Hospital

26

2.Based on Gross Revenue as at 31 December 2014

Our Properties – Japan� A portfolio of 37 high quality

healthcare properties worth S$439 million1, comprising:� 1 pharmaceutical product p a aceut ca p oduct

distributing and manufacturing facility (P-Life Matsudo)

�

P-Life Matsudo

� 36 private nursing homes

� Master tenancy with 18 lessees

� Nursing Home Properties strategically located in dense residential di t i t i j iti

Bon Sejour Shin-Yamashita

districts in major citiesPalmary Inn Akashi

Note:1. Based on latest appraised values.

Senior Chonaikai Makuhari Kan 27

Palmary Inn Suma

Our Properties - Japan 2 properties have annual revision

linked to Japan CPI;

2 Unique features of our Japan assets:

� Favorable Lease Structure

linked to Japan CPI;if CPI is negative, rent will remain

unchanged

7.0% of Japan Gross Revenue1� Favorable Lease Structure

� Long term lease structure

with weighted average

lease term to expiry of

“Up only” Rent Review P i i f

Gross Revenue

24 properties have market revision

3 5 ithP-Life Matsudo is on fixed rent forlease term to expiry of

13.24 years1

� “Up only” Rental Review

Provision for most of our

Provision formost of our

nursinghomes

every 3-5 years withdownside protection

64.1% of Japan Gross Revenue1

is on fixed rent forthe entire lease

term of 9.5 years2

6.3% of Japan Gross Revenue1

Provision for most of our

nursing homes

� Master Tenanted

10 properties have market revision

subject to L /L

� Signifies 100% committed

occupancy

Lessor/Lesseemutual agreement3

22.5% of Japan Gross Revenue1

Note:Note:1. Based on Gross Revenue as at 31 December 20142. With effect from 13 June 20073. Every 2 or 3 years for 9 out of the 10 properties; for the remaining property, the rent review

negotiation shall occur in the event the parties deemed that the existing rent is inappropriate28

Diversified Nursing Home Operators

� 17 high quality nursing home operators � Diversifies tenant risk ¥60,000

¥70,000

ousa

nds

K.K Sawayaka Club

K.K. Asset

K.K Habitation� Diversifies tenant risk

� Back-up operator arrangements� Minimises operator default

¥50,000

,

Thib

utio

n

Miyako Enterprise Co., Ltd.

K.K. Riei

Benesse Style Care Co., Ltd

Green Life Higashi Nihon� Minimises operator default risks

� Rental guarantee by vendors ¥30,000

¥40,000

Ren

tal C

ontr

g

Planning Care Co., Ltd.

Miyako-Kenkoukai Medical Corporation

AS Partners Co., Ltd

Green Life Co.,Ltd

� For a period of seven years, capped at 5% of the purchase price for properties acquired from Kenedix Inc.

� Bon Sejour Sawayaka and

¥20,000

Mon

thly

R Green Life Co., Ltd

Shonan Fureai no sono

Message Co. Ltd

Shakai Fukushi Sougou Kenkyujo. Co. Ltd

KKNihon Kaigo Iryo Center� Bon Sejour, Sawayaka and Miyako Enterprise properties enjoy full rental guarantee for entire lease term ¥0

¥10,000

Operator

K.K Nihon Kaigo Iryo Center

Vivac

Shakai Fukuishi Houjin Keiyu-Kai

29

As at 31 December 2014

Operator

Our Properties – Malaysia, Kuala Lumpur

� A portfolio of high quality healthcare assets worth S$8.3 million1 within Gleneagles Intan Medical Centre Kuala Lumpur, next to the 330-bed Gleneagles Hospital Kuala Lumpur

� Multi tenancies with lessees Gleneagles Hospital (Kuala Lumpur) Sdn Bhd and CIMB Bank� Multi tenancies with lessees Gleneagles Hospital (Kuala Lumpur) Sdn. Bhd. and CIMB BankBerhad

30

Note:1. Based on latest appraised values

Our Portfolio - SummaryPortfolio Singapore Japan Malaysia Total

Type Hospital & Medical Centre

36 nursing homes;1 pharmaceutical product

distribution & manufacturing facility

Medical Centre

4 Hospitals & medical centre; 36 nursing homes;

1 pharmaceutical product distributing & manufacturing

facilityLand Tenure 3 Leasehold 36 Freehold & 1 Leasehold 1 Freehold 37 Freehold & 4 LeaseholdLand Area (sq m) 36,354 102,584 3,450 142,388Floor Area (sq m) 118,136 129,482 2,444 250,062Beds 721 - - 721Strata Units/ Car Park Lots

40 strata units/ 559 car park lots

-7 strata units/

69 car park lots47 strata units / 628 car park lots

Number of Units (Rooms) - 2,429 - 2,429Year of Completion 1979 to 1993 1987 to 2013 1999 1979 to 2013C itt d O 100% 100% ( l di k) 100%Committed Occupancy 100% 100% (excluding car park) 100%

Master Leases/ Lessees 3 Master Leases; 1 Lessee

37 Master Leases; 18 Lessees 2 Lessees 40 Master Leases;

21 Lessees

Year of Acquisition 2007 2008 to 2014 2012 -¥39 736 (S$438 7 )

Appraised Value 1 S$1,053.6mCBRE

¥39,736m (S$438.7m)Colliers International /

International Appraisals Incorporated / DTZ

RM 22m (S$8.3m)Jones Lang Wootton S$1,500.6m

Note:1 B d l t t i d l t h t f S$1 00 ¥90 58 d S$1 00 RM2 64

31

1. Based on latest appraised values; at an exchange rate of S$1.00 : ¥90.58 and S$1.00 : RM2.64

Our Portfolio - Singapore

Property Mount Elizabeth Hospital Gleneagles Hospital Parkway East Hospitalp y p g p y pType Hospital and Medical CentreLand Tenure 67 years 75 years 75 yearsFloor Area (sq m) 1 58,139 49,003 10,994Beds 2 345 270 106Operating theatres 2 13 12 4p g

Strata Units / Car Park Lots 30 strata units; 363 car park lots 10 strata units; 121 car park lots 75 car park lotsYear of Completion Hospital Building (1979)

Medical Centre (1979 & 1992)Hospital Building (1991 & 1993)

Annex Block (1979)Medical Centre (1991 & 1993)

Hospital Building (1982)Medical Centre (1987)

Committed Occupancy 100%Name of Lessee (s) Parkway Hospitals Singapore Pte LtdAwards and Accreditation JCI Accreditation, 1st private

hospital in Asia to win Asian Hospital Management Award;

JCI Accreditation; Asian Hospital Management Award; SQC Award

in 2002 (re-certified 2007);

JCI Accreditation; SQC status in 1998

SQC status since 1998, Superbrands status since 2002

Superbrands status since 2002

Appraised Value S$664.0m S$338.0m S$51.6mAppraiser / Date CBRE / 31 December 2014

Note:

32

Note:1. Based on strata area of Mount Elizabeth Hospital and Gleneagles Hospital owned by PLife REIT

Gross floor area for Parkway East Hospital2. As at 31 December 2014

Our Portfolio - Japan

Property P-Life Matsudo Bon Sejour Shin-Yamashita Bon Sejour Ibaraki

Type Pharmaceutical product distributing & manufacturing facility Paid nursing home with care service

Land Tenure Freehold Freehold 50 years L d A ( ) 8 450 1 653 3 051Land Area (sq m) 8,450 1,653 3,051Floor Area (sq m) 3,240 3,273 3,651Number of Units (Rooms) NA 74 94

Year of Completion2005;

Additional works were completed in 2007

2006 20082007

Committed Occupancy 100.0%

Name of Lessee (s)Nippon Express Co., Ltd

(Master Lessee)Alere Medical Co., Ltd (Sub-Lessee)2

Benesse Style Care Co., Ltd3

Date of Acquisition 16 May 2008 30 May 2008Date of Acquisition 16 May 2008 30 May 2008Appraised Value 1 ¥3,040m (S$33.6m) ¥1,440m (S$15.9m) ¥1,110m (S$12.3m)

Appraiser / Date DTZ / 31 December 2014

Note:

33

1. At an exchange rate of S$1.00 : ¥90.582. Corporate rebranding by Inverness Medical Japan Co.,Ltd with effect from 1 April 20113. On 1 April 2012, Benesse Style Care Co., Ltd merged as the surviving company with Bon Sejour

Corporation

Our Portfolio - Japan

Property Palmary Inn Akashi Palmary Inn Suma Senior Chonaikai Makuhari Kan

Type Paid nursing home with care serviceLand Tenure Freehold Freehold FreeholdLand Tenure Freehold Freehold FreeholdLand Area (sq m) 5,891 2,676 2,853Floor Area (sq m) 6,562 4,539 4,361Number of Units (Rooms) 96 59 1082

1987;C i k l t d i

1992;Year of Completion Conversion works were completed in

20031989 Conversion works were

completed in 2004Committed Occupancy 100%Name of Lessee (s) Asset Co., Ltd Asset Co., Ltd Riei Co., LtdDate of Acquisition 29 September 2008q pAppraised Value 1 ¥1,620m (S$17.9m) ¥940m (S$10.4m) ¥1,640m (S$18.1m)

Appraiser/ Date DTZ / 31 December 2014Note:1. At an exchange rate of S$1.00 : ¥90.582 A t 31 M h 09 t t l b f it i d f 107 t 108 O t t d (1) it f t i t i t t (2) it f i l t

34

2. As at 31 March 09, total number of units increased from 107 to 108. Operator converted one (1) unit of twin type into two (2) units of single type

Our Portfolio - Japan

Property Smiling Home Medis Musashi Urawa

Smiling Home Medis Koshigaya Gamo

Amille Nakasyo Maison de Centenaire Ishizugawa

Type Paid nursing home with care serviceLand Tenure FreeholdLand Tenure FreeholdLand Area (sq m) 802 1,993 2,901 1,111Floor Area (sq m) 1,603 3,824 3,259 2,129Number of Units (Rooms) 44 100 75 52

Year of Completion1991;

Conversion works were1989;

Conversion works were 20011988;

Conversion works wereYear of Completion Conversion works were completed in 2004

Conversion works were completed in 2005

2001 Conversion works were completed in 2003

Committed Occupancy 100.0%

Name of Lessee (s) Green Life Higashi Nihon 2 Green Life Higashi Nihon 2 Message Co. Ltd, Shakai Fukushi Houjin Keiyu - Kai

Miyako Kenkokai Medical Corporation

Date of Acquisition 29 September 2008 17 November 2009Date of Acquisition 29 September 2008 17 November 2009Appraised Value 1 ¥720m (S$7.9m) ¥1,480m (S$16.3m) ¥652m (S$7.2m) ¥840m (S$9.3m) Appraiser/ Date DTZ / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.58

35

2. Change of name with effect from 1 May 2013 due to organizational restructuring by Green Life Co., Ltd, parent company of Medis Corporation

Our Portfolio - Japan

Property Maison de Centenaire Haruki Hapine Fukuoka Noke Fiore Senior Residence

Hirakata Iyashi no Takatsuki KanType Paid nursing home with care serviceLand Tenure Freehold Freehold Freehold FreeholdLand Area (sq m) 801 1 396 727 2 023Land Area (sq m) 801 1,396 727 2,023Floor Area (sq m) 1,263 2,912 1,155 3,9562

Number of Units (Rooms) 36 64 40 87

Year of Completion1996;

Conversion works were completed in 2006

2006 20071997;

Conversion works were completed in 2005completed in 2006 completed in 2005

Committed Occupancy 100.0%

Name of Lessee (s) Miyako Kenkokai Medical Corporation Green Life Co. Ltd 3 Vivac Riei Co., Ltd

Date of Acquisition 17 November 2009Appraised Value 1 ¥638m (S$7 0m) ¥852m (S$9 4m) ¥482m (S$5 3m) ¥1 550m (S$17 1m)Appraised Value 1 ¥638m (S$7.0m) ¥852m (S$9.4m) ¥482m (S$5.3m) ¥1,550m (S$17.1m)Appraiser/ Date DTZ / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.582. Increase in NLA upon the completion of AEI in February 20143 Ch f i h ff f 1 M 2013 d i i l i b G Lif C L d f C Li k C L d

36

3. Change of name with effect from 1 May 2013 due to organisational restructuring by Green Life Co., Ltd, parent company of Care Link Co., Ltd

Our Portfolio - Japan

Property Sawayaka Obatake Ichibankan Sawayaka Obatake Nibankan Sawayaka Shinmojikan

Type Paid nursing home with care service

Short stay / Day care facility

Paid nursing home with care service

L d T F h ld F h ld F h ldLand Tenure Freehold Freehold FreeholdLand Area (sq m) 1,786 1,042 2,813Floor Area (sq m) 3,491 1,538 5,088Number of Units (Rooms) 78 26 112Year of Completion 2007 2007 2007Year of Completion 2007 2007 2007Committed Occupancy 100.0%Name of Lessee (s) K.K. Sawayaka ClubDate of Acquisition 17 June 2010Appraised Value 1 ¥740m (S$8.2m) ¥350m (S$3.9m) ¥934m (S$10.3m)pp ( $ ) ( $ ) ( $ )Appraiser/ Date Colliers International / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.58

37

Our Portfolio - Japan

Property Sawayaka Nogatakan Sawayaka Sakurakan Sawayaka Fukufukukan Sawayaka Higashikagurakan

Type Paid nursing home with care serviceLand Tenure Freehold Freehold Freehold FreeholdLand Area (sq m) 2 707 6 276 1 842 4 813Land Area (sq m) 2,707 6,276 1,842 4,813Floor Area (sq m) 3,147 5,044 3,074 5,335Number of Units (Rooms) 78 110 72 110Year of Completion 2005 2006 2008 2010Committed Occupancy 100.0%p y %

Name of Lessee (s) K.K. Sawayaka Club

Date of Acquisition 17 June 2010 28 Jan 2011 28 Jan 2011Appraised Value 1 ¥708m (S$7.8m) ¥786m (S$8.7m) ¥665m (S$7.3m) ¥949m (S$10.5m) Appraiser / Date Colliers International / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.58

38

Our Portfolio - Japan

Property As Heim Nakaurawa Fureai no Sono Musashi Nakahara

Legato Higashi Sumiyoshi

Type Paid nursing home with care serviceyp gLand Tenure FreeholdLand Area (sq m) 1,762 935 951Floor Area (sq m) 2,692 1,847 2,828Number of Units (Rooms) 64 47 71

Year of Completion 2006 2006 2006

Committed Occupancy 100.0%Name of Lessee (s) As Partners Co., Ltd Shonan Fureai no Sono Planning Care Co. LtdDate of Acquisition 16 July 2010Date of Acquisition 16 July 2010Appraised Value 1 ¥1,070m (S$11.8m) ¥847m (S$9.4m) ¥1,030m (S$11.4m) Appraiser/ Date DTZ / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.58

39

Our Portfolio - Japan

Property Royal Residence Gotenyama Legato KatanoType Paid nursing home with care serviceLand Tenure Freehold FreeholdLand Tenure Freehold FreeholdLand Area (sq m) 794 1,139Floor Area (sq m) 1,560 1,688Number of Units (Rooms) 44 49

Year of Completion 2006 2004Year of Completion 2006 2004

Committed Occupancy 100%Name of Lessee (s) Shakai Fukuishi Sougou Kenkyjo Planning Care Co. LtdDate of Acquisition 16 July 2010Appraised Value 1 ¥534m (S$5 9m) ¥650m (S$7 2m)Appraised Value 1 ¥534m (S$5.9m) ¥650m (S$7.2m)Appraiser/ Date DTZ / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.58

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Our Portfolio - Japan

Property Happy Life Toyonaka 1 Palmary Inn Shin-KobeType Paid nursing home with care serviceLand Tenure Freehold FreeholdLand Tenure Freehold FreeholdLand Area (sq m) 628 1,034Floor Area (sq m) 1,254 3,964Number of Units (Rooms) 42 71

Year of Completion 20071992

Conversion works wereYear of Completion 2007 Conversion works were completed in 2003

Committed Occupancy 100%Name of Lessee (s) K.K. Nihon Kaigo Iryo Center Asset Co., LtdDate of Acquisition 12 July 2013yAppraised Value 2 ¥478m (S$5.3 m) ¥1,450m (S$16.0m)Appraiser/ Date Colliers International / 31 December 2014

Note:1. Change of name from Heart Life Toyonaka to Happy Life Toyonaka with effect from 1 September 2014 2 At h t f S$1 00 ¥90 58

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2. At an exchange rate of S$1.00 : ¥90.58

Our Portfolio - Japan

Property Sawayaka Seaside Toba Sawayaka Niihamakan Sawayaka MinatokanType Paid nursing home with care serviceLand Tenure Freehold Freehold FreeholdLand Tenure Freehold Freehold FreeholdLand Area (sq m) 2,803 4,197 3,551Floor Area (sq m) 7,360 7,382 2,246Number of Units (Rooms) 129 135 50Year of Completion 2012 2012 2012Committed Occupancy 100.0%Name of Lessee (s) K.K. Sawayaka Club K.K. Sawayaka Club K.K. Sawayaka ClubDate of Acquisition 30 September 2013Appraised Value 1 ¥1,442m (S$15.9m) ¥1,362m (S$15m) ¥684m (S$7.6m) A i / D t I t ti l A i l I t d / 31 D b 2014Appraiser/ Date International Appraisals Incorporated / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.58

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Our Portfolio - Japan

Property Sawayaka Mekari Nibankan Sawayaka KiyotakanType Paid nursing home with care serviceLand Tenure Freehold FreeholdLand Tenure Freehold FreeholdLand Area (sq m) 1,354 2,597Floor Area (sq m) 2,133 5,661Number of Units (Rooms) 61 108Year of Completion 2012 2013Committed Occupancy 100%Name of Lessee (s) K.K. Sawayaka Club K.K. Sawayaka ClubDate of Acquisition 30 September 2013Appraised Value 1 ¥321m (S$3.5m) ¥868m (S$9.5m)Appraiser/ Date International Appraisals Incorporated / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.58

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Our Portfolio - Japan

Property Maison des Centenaire Hannan Sunhill Miyako Maison des Centenaire Ohhama

Type Paid nursing home with care service Extended-stay lodging facility Paid nursing home with care

serviceLand Tenure Freehold Freehold FreeholdLand Area (sq m) 7,827 10,867 1,281Floor Area (sq m) 4,331 4,299 1,717Number of Units (Rooms) 95 34 47Year of Completion 2010 1996 1990Year of Completion 2010 1996 1990Committed Occupancy 100.0%Name of Lessee (s) Miyako Enterprise Co., Ltd Miyako Enterprise Co., Ltd Miyako Enterprise Co., LtdDate of Acquisition 28 March 2014Appraised Value 1 ¥1 790m (S$19 8m) ¥855m (S$9 4m) ¥679m (S$7 5m)Appraised Value ¥1,790m (S$19.8m) ¥855m (S$9.4m) ¥679m (S$7.5m)Appraiser/ Date International Appraisals Incorporated / 31 December 2014

Note:1. At an exchange rate of S$1.00 : ¥90.58

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Our Portfolio - Japan

Property Habitation JyosuiType Paid nursing home with care servicesLand Tenure FreeholdLand Area (sq m) 1 3,259( q ) ,Floor Area (sq m) 2 6,076Number of units 76Year of Completion 2005Committed Occupancy 100%p y

Name of Lessee (s) K.K. Habitation

Date of Acquisition 12 December 2014

Appraised Value 3 ¥3 540m (S$39 1m)Appraised Value 3 ¥3,540m (S$39.1m)

Appraiser/ Date Colliers International / 31 December 2014

Note:1. Total land area for the integrated development2. Strata area of the Property owned by PLife REIT

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2. Strata area of the Property owned by PLife REIT 3. At an exchange rate of S$1.00 : ¥90.58

Our Portfolio - Malaysia

Property Gleneagles Intan Medical Centre, Kuala LumpurType Medical CentreLand Tenure FreeholdLand Area (sq m) 3,450( q ) ,Floor Area (sq m)1 2,444Number of Car Park Lots 69, all of which owned by Parkway Life REITYear of Completion 1999Committed Occupancy 100% (excluding car park)p y ( g p )

Name of Lessee (s)1. Gleneagles Hospital (Kuala Lumpur) Sdn. Bhd.2. CIMB Bank Berhad

Date of Acquisition 1 August 2012

Appraised Value 2 RM 22,000,000 (S$8.3m)

Appraiser/ Date Jones Lang Wootton / 31 December 2014Note:1. Strata area of Property owned by PLife REIT2 At h t f S$1 00 RM2 64

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2. At an exchange rate of S$1.00 : RM2.64